舜宇光学科技(02382) - 2023 - 中期业绩

Financial Performance - For the six months ended June 30, 2023, the company's unaudited revenue was approximately RMB 14,278.6 million, a decrease of about 15.9% compared to the same period last year[1]. - The gross profit for the same period was approximately RMB 2,130.6 million, down approximately 39.5%, resulting in a gross margin of about 14.9%, a decline of approximately 5.9 percentage points year-on-year[1]. - The profit attributable to shareholders for the six months was approximately RMB 436.7 million, a decrease of about 67.8% compared to the previous year[1]. - The total comprehensive income attributable to shareholders was RMB 420.9 million, compared to RMB 1,368.2 million in the previous year[3]. - Basic earnings per share for the period were RMB 39.99, down from RMB 124.13 in the previous year[3]. - The group's net profit for the six months ended June 30, 2023, was approximately RMB 459,400,000, a decline of about 66.7%, resulting in a net profit margin of approximately 3.2% compared to 8.1% in the same period last year[61]. Revenue Breakdown - Total customer contract revenue for the six months ended June 30, 2023, was RMB 14,278,565, a decrease of 15.9% from RMB 16,971,756 in the same period of 2022[13]. - Revenue from mobile-related products decreased to RMB 9,688,562, down 24.3% from RMB 12,755,600 in the previous year[13]. - Revenue from automotive-related products increased to RMB 2,471,131, up 43.4% from RMB 1,724,815 in the previous year[13]. - The company's optical components segment generated revenue of RMB 4,317,911, while optoelectronic products contributed RMB 9,736,523, and optical instruments added RMB 224,131 to total revenue[14]. - Revenue from the European market increased to RMB 789,995, up 31.5% from RMB 601,077 in the previous year[13]. - Revenue from North America rose to RMB 515,027, an increase of 20.9% from RMB 426,236 in the previous year[13]. Assets and Liabilities - The company's total assets as of June 30, 2023, were RMB 31,990.4 million, compared to RMB 30,645.6 million at the end of the previous year[4]. - The net asset value attributable to shareholders was RMB 21,737.8 million, slightly down from RMB 21,838.4 million at the end of the previous year[5]. - Total liabilities as of June 30, 2023, were RMB 24,496,999, with segment liabilities totaling RMB 14,352,363[15]. - The group's current assets were approximately RMB 31,990,400,000, an increase from RMB 30,645,600,000 as of December 31, 2022, with a current ratio of approximately 1.8 times[63]. Research and Development - Research and development expenses amounted to RMB 1,204.8 million, down from RMB 1,468.2 million in the previous year[2]. - The company reported a 25.2% year-on-year increase in the shipment of automotive cameras, totaling approximately 47,078,000 units, maintaining its position as the global leader in market share[46]. - The company completed the R&D of a full set of 1,700-megapixel front and surround automotive cameras, which are applicable for Level 4 autonomous driving and received evaluation recognition from a well-known autonomous driving manufacturer[46]. - The company has made significant advancements in R&D for automotive optical components, including the development of ultra-miniaturized side-view cameras and passenger monitoring systems[46]. - The company is actively exploring market opportunities in the emerging fields of automotive lidar, heads-up displays (HUD), and intelligent vehicle lighting, with several lidar-related products completed during the review period[47]. Capital Expenditures - Capital expenditures for production equipment and machinery amounted to approximately RMB 694,774,000 during the interim period[26]. - The company reported a capital expenditure commitment of approximately RMB 1,081,607,000 for property, machinery, and equipment as of June 30, 2023[44]. - Capital expenditures for the six months ended June 30, 2023, were approximately RMB 1,050,300,000, primarily for the acquisition of property, machinery, and equipment[64]. Debt and Financing - The total bank borrowings as of June 30, 2023, amounted to RMB 730,000,000 due within one year, down from RMB 1,989,981,000 as of December 31, 2022[40]. - The company secured new bank borrowings of approximately RMB 4,463,023,000 during the reporting period, compared to RMB 5,393,483,000 in the same period last year, representing a decrease of about 17.2%[40]. - The group's bank borrowings as of June 30, 2023, amounted to approximately RMB 2,761,500,000, an increase from RMB 2,020,000,000 as of December 31, 2022[65]. - The group's debt securities were approximately RMB 2.95 billion as of June 30, 2023, down from RMB 4.18 billion as of December 31, 2022[67]. - The group's debt ratio was approximately 12.2% as of June 30, 2023, indicating a stable financial condition[67]. Corporate Governance - The company has complied with all mandatory disclosure requirements of the corporate governance code as of June 30, 2023, and applies good corporate governance principles[83]. - All directors confirmed compliance with the standard code of conduct regarding securities trading during the six months ending June 30, 2023[84]. - The audit committee, composed of four independent non-executive directors, reviewed the interim report and unaudited financial statements for the six months ending June 30, 2023[85].